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2024 FEHB Plan Selection Guide – Which Plan is Best for YOU

Posted on Friday, 17th November 2023 by Dennis Damp

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  Open season runs from November 13th through December 11th.  There are tools available to evaluate provider options, select your 2024 plan, and submit changes to OPM. Use the following resources to make an informed decision for you and your family’s health care needs. Forward this article to others that can use this “Open Season” […]

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Prescription Drug Coverage and MA Plans in 2024 – Part 2

Posted on Friday, 10th November 2023 by Dennis Damp

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The Inflation Reduction Act’s Part D reforms will impact FEHB plans in 2024. Historically, most federal annuitants didn’t need to consider Part D because FEHB prescription drug benefits were as good or better and didn’t have an additional premium. However, OPM has allowed FEHB plans to offer Part D prescription drug plans (PDP) in 2024, […]

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The FEP Medicare Prescription Drug Program (MPDP)

Posted on Thursday, 2nd November 2023 by Dennis Damp

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I received a number of emails from Blue Cross and Blue Shield (BCBS) plan members about this new offering. Federal employees and annuitants, enrolled in Medicare and one of the BCBS plans, will automatically be enrolled in the new MPDP plan unless they opt-out. The BCBS website is fairly straight forward and addresses many of […]

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Pandemonium and Insecurity – The Jackels at Our Gate

Posted on Friday, 20th October 2023 by Dennis Damp

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Throughout the year I occasionally stray from retirement planning and discuss issues that impact everyone. Some readers appreciate my commentary, while others wish I would keep my observations and opinions to myself. This is one of those subjects that everyone should be concerned about. A recent poll found that “Seventy-one percent of registered voters surveyed […]

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2024 COLA Increase is 3.2% & Medicare New Part B & D Premiums

Posted on Friday, 13th October 2023 by Dennis Damp

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More than 71 million Americans will see a 3.2% increase in their Social Security benefits and Supplemental Security Income (SSI) payments in 2024. Social Security retirement benefits will increase on average more than $50 per month starting in January. Federal retiree’s annuities under the Civil Service Retirement System (CSRS) receive the full 3.2% increase while […]

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2024 FEHB Open Season Changes Plus Expanded Services

Posted on Friday, 6th October 2023 by Dennis Damp

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Each year OPM announces changes to the Federal Employee’s Health Benefit (FEHB) plans. This year is no exception, and there are a number of significant improvements to our health benefits program coming next year. These changes include expanded coverage for fertility, including broader coverage of in-vitro fertilization (IVF) related services, gender affirming care, prevention and […]

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Long Term Care (LTC) Insurance – Premiums Rising, AGAIN!

Posted on Friday, 29th September 2023 by Dennis Damp

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Long Term Partners, LLC sent their 2023 enrollee decision period offer letter on September 11. We have until November 9, 2023 to either accept the offer listed under Option 1 or submit a selection form changing coverage to option 2, 3 or 4. If Long Term partners doesn’t receive an election from by this date, […]

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Finding the Help You Deserve – OPM’s Retirement Center

Posted on Friday, 22nd September 2023 by Dennis Damp

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Good news for those planning their retirement and annuitants. OPM’s retirement center has improved considerably over the past few years. When I retired 18 years ago, their online support was a shadow of what it is today, this is why I developed and published the Federal Employee’s Retirement Planning website in 2004. When I was […]

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